Ares Capital (ARCC) Interest Expense (2009 - 2026)
Ares Capital's Interest Expense was $214 million in Q2 2026, up 13.8% from $188 million a year earlier and up 0.5% from the prior quarter.
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Analysis
Ares Capital (ARCC) Interest Expense (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Ares Capital's Interest Expense was $846 million through Jun 30, 2026, up 11.9% year-over-year; for FY2025, it came in at $793 million, up 10.9% from FY2024.
- Interest Expense has now increased for five consecutive years, with a five-year compound annual growth rate of 20.1% (FY2020 to FY2025).
- In earlier years, Interest Expense was $715 million in FY2024 (+22.9%), $582 million in FY2023 (+27.9%), $455 million in FY2022 (+22.3%) and $372 million in FY2021 (+17.4%).
- The Q2 2026 figure marks the highest quarterly Interest Expense in data going back to Q3 2021.
- Compared with a year earlier, Interest Expense has increased for 16 straight quarters, with growth averaging 15.8% over the last eight quarters.
- Across the past five years, year-over-year growth in Interest Expense ran from 7.2% in Q3 2025 to 49.5% in Q1 2023.
- Per Business Quant data, ARCC's Interest Expense in the three quarters before Q2 2026 was $213 million (Q1 2026), $210 million (Q4 2025) and $209 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | Royalty Pharma | 39.80 Bn | 40.13 Bn | - | - |
| 2 | Rocket Companies | 38.90 Bn | 27.72 Bn | - | - |
| 3 | Orix | 38.66 Bn | 9.30 Bn | 13.83 Bn | - |
| 4 | Federal National Mortgage Association Fannie Mae | 26.46 Bn | -16,107.65 Bn | - | - |
| 5 | Synchrony Financial | 22.47 Bn | -45.15 Bn | - | - |
| 6 | Affirm Holdings | 22.07 Bn | 15.11 Bn | - | - |
| 7 | Royal Gold | 21.71 Bn | 20.92 Bn | 402.46 Mn | - |
| 8 | Ares Capital | 13.84 Bn | 11.59 Bn | - | - |
| 9 | Annaly Capital Management | 13.83 Bn | 4.86 Bn | - | - |
| 10 | Federal Home Loan Mortgage | 12.64 Bn | -328.33 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 221.00 Mn |
| Jun 30, 2026 | 214.00 Mn |
| Mar 31, 2026 | 213.00 Mn |
| Dec 31, 2025 | 210.00 Mn |
| Sep 30, 2025 | 209.00 Mn |
| Jun 30, 2025 | 188.00 Mn |
| Mar 31, 2025 | 186.00 Mn |
| Dec 31, 2024 | 187.00 Mn |
| Sep 30, 2024 | 195.00 Mn |
| Jun 30, 2024 | 174.00 Mn |
| Mar 31, 2024 | 159.00 Mn |
| Dec 31, 2023 | 157.00 Mn |
| Sep 30, 2023 | 145.00 Mn |
| Jun 30, 2023 | 141.00 Mn |
| Mar 31, 2023 | 139.00 Mn |
| Dec 31, 2022 | 141.00 Mn |
| Sep 30, 2022 | 120.00 Mn |
| Jun 30, 2022 | 101.00 Mn |
| Mar 31, 2022 | 93.00 Mn |
| Dec 31, 2021 | 105.00 Mn |
API Access
Ares Capital Interest Expense API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=interest-expense&ticker=ARCC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-expense", "ticker": "ARCC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=interest-expense&ticker=ARCC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();